• Latest
  • Trending
Saudi Arabia unveils Jazan region as hub for African trades

Saudi Arabia unveils Jazan region as hub for African trades

December 1, 2023
BII injects $20 million into Acumen initiative targeting Africa’s off-grid communities

BII injects $20 million into Acumen initiative targeting Africa’s off-grid communities

September 26, 2025
PesaLink and Tendepay join forces to digitise enterprise payments in Kenya

PesaLink and Tendepay join forces to digitise enterprise payments in Kenya

September 26, 2025
How Africa’s Gen Z founders are building startups before graduation

How Africa’s Gen Z founders are building startups before graduation

September 26, 2025
YouTube now lets viewers turn off video end screens

YouTube now lets viewers turn off video end screens

September 26, 2025
Apple iPhone 18 Pro rumours: Design, performance, and camera upgrades

Apple iPhone 18 Pro rumours: Design, performance, and camera upgrades

September 26, 2025
South African investment giant raises caution on Bitcoin ETF risks

South African investment giant raises caution on Bitcoin ETF risks

September 26, 2025
OpenAI’s ChatGPT Pulse now available for Pro users

OpenAI’s ChatGPT Pulse now available for Pro users

September 26, 2025
MSport 2025

MSport 2025: Nigeria’s #1 Sports Betting Site, Powered by Chelsea & BVB

September 25, 2025
MNT-Halan introduces Egypt’s first secure lending solution via Halan App

MNT-Halan introduces Egypt’s first secure lending solution via Halan App

September 25, 2025
Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

September 25, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News Africa Tech News

Saudi Arabia unveils Jazan region as hub for African trades

Ibukunoluwa Bankole by Ibukunoluwa Bankole
December 1, 2023
147 3
0
Saudi Arabia unveils Jazan region as hub for African trades
465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

Adviser to the Minister of Industry and Mineral Resources, Saleh Al-Solami, reveals Saudi Arabia’s strategic plan to position Jazan as a trade center for African markets, capitalizing on the Kingdom’s industrial capacity.

Jazan: A Key Hub for African Markets

During the Jazan Investment Forum 2023, Saleh Al-Solami, Adviser to the Minister of Industry and Mineral Resources, highlighted Saudi Arabia’s vision to transform the Jazan region into a pivotal center for African trade. Al-Solami emphasized the Kingdom’s industries’ capability to capture a more substantial share in African markets.

Al-Solami stated, “The size of the economy in Africa — the volume of demand and imports — exceeds $400 billion, so there is great scope for Saudi industries to hold a larger share in African markets.” He sees the Jazan region as a major regional center and outlet for neighbouring demand markets.

Read also: Egyptian fintech, Glamera obtains Saudi Arabia licence 

RelatedPosts

Thunes partners with Barq to boost remittance services in Saudi Arabia

Saudi fintech Hala raises $157m in Series B Funding

HALA raises $157 million Series B funding to expand fintech’s regional reach

Strategic Development as a Special Economic Zone

Aligning with Saudi Arabia’s strategic decision to develop Jazan as a special economic zone with a focus on the logistics industry, Al-Solami sees the region playing a crucial role in linking areas that provide raw materials to Africa. Leveraging the Kingdom’s manufacturing capabilities, Jazan can add value to the value chain and re-export to targeted markets, both locally and internationally.

Jazan Industrial City Infrastructure

Majed Al-Shathry, Vice President of Acting Industrial Cities Operation at MODON, shed light on the infrastructure in the Jazan Industrial City during the forum. He highlighted that the Jazan Industrial City covers an extensive area of 39 million square meters, with 3 million square meters already developed. The city comprises 62 industrial contracts, including 24 productive industrial facilities, with the rest in various stages of construction and preparation for production.

Al-Shathry further revealed that the Jazan Industrial City includes eight existing ready-made factories and 10 factories currently under construction, expected to be ready within the next 2 to 3 months. This robust infrastructure positions Jazan as a prime location for industrial growth and economic development.

WTO Charges African Nations to Adopt Digital Technology for Trade

Jazan Investment Forum 2023

The Jazan Investment Forum 2023, held under the patronage of Crown Prince Mohammed bin Salman, aims to introduce economic advantages in the logistics and agriculture sectors. The event also focuses on highlighting the environmental and climatic diversity of the region, particularly Farasan Island. The forum serves as a platform to showcase the potential for investment and economic growth in Jazan, supporting Saudi Arabia’s broader vision for industrial and economic development.

Tags: African tradesSaudi Arabia
Ibukunoluwa Bankole

Ibukunoluwa Bankole

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.